China’s economy is deeply embedded in global supply chains and fluctuations in its growth can have worldwide repercussions. Combining novel Chinese demand and supply shocks
Efforts to level the informational playing field across firms — by mandating data-sharing or expanding access to consumer risk information — are increasingly at the
Many governments have to mitigate concerns about fiscal sustainability, without triggering near-term output losses or reversing progress on containing poverty or inequality. This column assesses
Scientific research has long been recognised as a central driver of technological progress and economic growth (Romer 1990). It also plays a critical role in
Industrial policies are rarely connected to global imbalances. Yet, they are a key feature of many countries running persistent trade surpluses. Take the case of
As governments expand industrial subsidies in the name of economic security, debate intensifies over whether such policies distort trade or enhance competitiveness. This column presents
As geopolitical tensions from Ukraine to the Middle East disrupt global supply chains, understanding how diverse commodity shocks affect the broader economy has become increasingly
As advanced economies age, firms increasingly rely on younger immigrants for physically demanding, entry-level jobs. This column presents evidence from Korea’s pandemic-era border closure showing
China is undergoing a sharp demographic transition: rapid population ageing, a shrinking labour force, persistently low fertility, and continued urbanisation. Using an overlapping-generations framework, this